CO2 Energy Transition (NASDAQ:NOEM – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports.
CO2 Energy Transition Stock Up 1.2%
Shares of NOEM traded up $0.12 during trading on Friday, reaching $10.81. 1,189 shares of the company traded hands, compared to its average volume of 9,105. The stock has a 50-day simple moving average of $10.69 and a 200-day simple moving average of $10.49. CO2 Energy Transition has a twelve month low of $10.08 and a twelve month high of $12.62. The stock has a market cap of $103.67 million, a PE ratio of 72.10 and a beta of -0.05.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of CO2 Energy Transition from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, CO2 Energy Transition presently has an average rating of “Sell”.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flow Traders U.S. LLC boosted its holdings in shares of CO2 Energy Transition by 11.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,829 shares of the company’s stock valued at $151,000 after buying an additional 1,578 shares in the last quarter. Clear Street Group Inc. grew its position in CO2 Energy Transition by 96.5% in the 4th quarter. Clear Street Group Inc. now owns 21,139 shares of the company’s stock valued at $218,000 after buying an additional 10,381 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of CO2 Energy Transition by 30.9% in the fourth quarter. Wolverine Asset Management LLC now owns 72,779 shares of the company’s stock valued at $749,000 after acquiring an additional 17,196 shares in the last quarter. L1 Global Manager Pty Ltd acquired a new position in CO2 Energy Transition during the 4th quarter worth approximately $1,441,000. Finally, Sona Asset Management US LLC acquired a new position in CO2 Energy Transition during the first quarter worth $2,613,000.
About CO2 Energy Transition
CO2 Energy Transition, Inc is a special purpose acquisition company organized under the laws of the State of Delaware. Listed on the NASDAQ under the ticker symbol NOEM, the company’s mission is to identify, acquire, and merge with one or more businesses operating in the climate technology and energy transition sectors. By targeting companies at the forefront of decarbonization, CO2 Energy Transition seeks to position itself as a strategic partner in the development and commercialization of solutions that reduce greenhouse gas emissions.
Although the company has not yet announced a definitive business combination, its investment mandate encompasses a broad range of activities within the clean energy ecosystem.
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